*By Britt Terrell*
Howard Schultz's philanthropic efforts and commitment to liberal causes may make him an appealing Democratic candidate. But Schultz, the outgoing executive chairman of Starbucks, could have a difficult time with some liberals if he decides to run for office.
"I wonder if the left wing of the Democratic Party would be receptive to somebody who has CEO at the top of their resume," said Eric Boehm, a reporter at Reason.com. "I think Schultz will face some push-back from that."
In an [interview Tuesday with CNBC](https://www.cnbc.com/2018/06/05/howard-schultz-rips-democrats-for-veering-too-far-left.html), Schultz may have invited push-back when he said some Democrats have unrealistic expectations of what government can do.
"It concerns me that so many voices within the Democratic Party are going so far to the left. I say to myself, 'How are we going to pay for these things?'" Schultz said in reference to popular liberal proposals like single-payer healthcare and government-supported full employment efforts. "I don't think that's something realistic," he added.
Schultz, who announced on Monday he would step away from Starbucks, the company he ran as chief executive or chairman for about 30 years, said he is considering a number of options for his future. Public service is one of them, but even he acknowledged in his CNBC interview that his corporate background could complicate a run for office.
Still, with another businessman occupying the White House, it's difficult to dismiss the potential positives of Schultz's experience in a matchup with Donald Trump. And Schultz's history of incorporating liberal issues as part of Starbucks' public image may be appealing to many mainstream Democrats and centrist voters.
"He knows that companies have to make money and he has done that in a way while still having liberal values," said Ed Carson, a news writer at Investor's Business Daily in an interview with Cheddar. "And I think that would be an effective combination both in the Democratic primary and in the general election."
Boehm also cited Schultz's business pedigree and his experience managing a business from start-up to multinational success as a counter narrative to President Donald Trump's own story as successful businessman.
"He could put his resume, taking a small coffee chain from Seattle and turning it into a globe-dominating brand, he could put that right up against Donald Trump's supposed resume, which includes numerous bankruptcies and business failures," Boehm said, adding that Schultz could make the case to the voters: "Hey, if you want a business man in the White House, maybe it should be me."
For the full interview, [click here](https://cheddar.com/videos/howard-schultz-2020).
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
Rep. John Moolenaar has requested an urgent briefing from the White House after Trump supported a deal giving Americans a majority stake in TikTok.
A new report finds the Department of Government Efficiency’s remaking of the federal workforce has battered the Washington job market and put more households in the metropolitan area in financial distress.
A new poll finds U.S. adults are more likely than they were a year ago to think immigrants in the country legally benefit the economy. That comes as President Donald Trump's administration imposes new restrictions targeting legal pathways into the country. The Associated Press-NORC Center for Public Affairs Research survey finds Americans are more likely than they were in March 2024 to say it’s a “major benefit” that people who come to the U.S. legally contribute to the economy and help American companies get the expertise of skilled workers. At the same time, perceptions of illegal immigration haven’t shifted meaningfully. Americans still see fewer benefits from people who come to the U.S. illegally.
Shares of Tylenol maker Kenvue are bouncing back sharply before the opening bell a day after President Donald Trump promoted unproven and in some cases discredited ties between Tylenol, vaccines and autism. Trump told pregnant women not to use the painkiller around a dozen times during the White House news conference Monday. The drugmaker tumbled 7.5%. Shares have regained most of those losses early Tuesday in premarket trading.
